2022 Financial Report

The Bank closed financial year 2022 with deposits down slightly by 0.7%, loans up by 15.6%, and posted DJF 86,178 million in deposits and DJF 40,554 million in loans. The number of accounts increased by 6%: 42,707 accounts at 31 December 2022 compared to 40,113 at December 2021. The Bank has nine branches and one business centre and employs 204 people.

The balance sheet total fell by 1.6% and equity by 13.3%, mainly due to the distribution of extraordinary dividends 2021/2022 and the additional allocation to the Fund for General Banking Risks (FGBR) of DJF 30 million.

The amount of Doubtful and Litigious Loans increased significantly by 4%: DJF 402 million in December 2022 against DJF 337 million in December 2021, due to further downgrades in 2022. The cost of risk was -0.05 % at 31 December 2022.

Risk-Weighted Asset (RWA) registered a decline between 2021 and 2022. The solvency ratio, at 18.3 %, is thus in line with the regulatory requirement of the Central Bank of Djibouti, 21.3 % in December 2022.

After witholding of income tax, the net result amounted to DJF 1,985 million at 31 December 2022, an increase of 9.4%.

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